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If I am Unable to Get Homeowners Insurance What Options Do I Have?
May 9, 2020
Explore the right option based on why you can't get insurance
The specific answer is going to depend on why it is that you can’t get homeowners insurance.
Some of the reasons people can’t get homeowners insurance include:
- Condition of the home
- Homes that are in disrepair or under construction may be eligible for other forms of coverage such as:
- Dwelling/Standard Fire Policy
- Builders Risk
- Occupancy of the home
- An unoccupied or vacant structure may be able to obtain a dwelling or standard fire policy.
- A non-owner occupied house may find a landlord or dwelling fire policy is an option.
- A Home located in a High Hazard Area
- Homes near high hazard areas such as coastal properties or wild-fire areas may have state-sponsored Fair Access to Insurance Requirements (FAIR) plans available.
FAIR plans may also be available for homes that do not qualify for homeowners insurance because of their current condition.
Examples of FAIR plans include:
- New York: New York Property Insurance Underwriting Association
- Florida: Citizens Property Insurance Corporation
- Louisiana: Citizens Property Insurance Corporation
- California: FAIR Plan
When looking to insure a home that has been turned down by other carriers, employ the services of an insurance agent who represents numerous companies. Called a Broker or Independent Insurance Agent, these professionals have access to a greater number of options and solutions. The Ryan Agency is your local Independent Insurance Agency. Give us a call
, send us an email or text
, or request a quote. We can help.
This article may have been originally published at Quora.com.
To see Jeff's Quora.com profile click here.
Part 7 – Designing a Value-Driven Insurance Plan
Part 6 – Advice, Advocacy, and Answers
Part 5 – Can Your Company Deliver?
Part 4 – Custom Coverage = Real Protection
Part 3: Coverage Limits - "The Ceiling You Don't Want to Collapse"
Part 2 – The Risks of Chasing Cheap
Part 1: What Are You Really Paying For?
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